Lovesac (NASDAQ:LOVE) Releases FY 2026 Earnings Guidance

Key Points

• Lovesac updated its FY 2026 earnings guidance, forecasting EPS of $0.520-1.05, significantly below the consensus estimate of $1.560.
• The company projected revenue guidance of $710.0 million-$740.0 million, slightly above the consensus revenue estimate of $709.4 million.
• Lovesac's stock opened at $20.75 with a market capitalization of $301.91 million, and the average rating from analysts is a "Buy" with a target price of $30.40.

Lovesac (NASDAQ:LOVE - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.520-1.05 for the period, compared to the consensus earnings per share estimate of 1.560. The company issued revenue guidance of $710.0 million-$740.0 million, compared to the consensus revenue estimate of $709.4 million. Lovesac also updated its Q3 2026 guidance to -0.830--0.51 EPS.

Analyst Ratings Changes

Several brokerages have commented on LOVE. DA Davidson restated a "buy" rating and set a $24.00 target price on shares of Lovesac in a research report on Tuesday, September 9th. Maxim Group decreased their target price on shares of Lovesac from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday. Canaccord Genuity Group restated a "buy" rating and set a $30.00 target price on shares of Lovesac in a research report on Friday. Finally, Wall Street Zen upgraded shares of Lovesac from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $30.00.

Lovesac Trading Up 0.9%

Shares of NASDAQ LOVE traded up $0.16 on Tuesday, reaching $17.88. 141,308 shares of the company traded hands, compared to its average volume of 417,167. Lovesac has a fifty-two week low of $12.12 and a fifty-two week high of $39.49. The company has a 50 day moving average of $18.77 and a 200 day moving average of $18.64. The stock has a market capitalization of $260.06 million, a PE ratio of 28.37, a P/E/G ratio of 0.56 and a beta of 2.35.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its quarterly earnings data on Thursday, September 11th. The company reported ($0.45) EPS for the quarter, beating analysts' consensus estimates of ($0.72) by $0.27. Lovesac had a net margin of 1.87% and a return on equity of 6.35%. The company had revenue of $160.53 million during the quarter, compared to the consensus estimate of $160.42 million. During the same quarter in the prior year, the company posted ($0.38) EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. Lovesac has set its Q3 2026 guidance at -0.830--0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. As a group, research analysts expect that Lovesac will post 0.39 earnings per share for the current year.

Insider Transactions at Lovesac

In other Lovesac news, Director Walter Field Mclallen bought 1,950 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of $18.08 per share, with a total value of $35,256.00. Following the transaction, the director owned 40,000 shares in the company, valued at $723,200. This trade represents a 5.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 12.46% of the company's stock.

Institutional Trading of Lovesac

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in Lovesac by 130.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company's stock worth $35,000 after purchasing an additional 1,097 shares in the last quarter. Russell Investments Group Ltd. increased its position in Lovesac by 80.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,917 shares of the company's stock worth $235,000 after purchasing an additional 5,754 shares in the last quarter. Rhumbline Advisers increased its position in Lovesac by 15.9% during the 2nd quarter. Rhumbline Advisers now owns 24,550 shares of the company's stock worth $447,000 after purchasing an additional 3,376 shares in the last quarter. Invesco Ltd. increased its position in Lovesac by 17.9% during the 2nd quarter. Invesco Ltd. now owns 39,315 shares of the company's stock worth $716,000 after purchasing an additional 5,976 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Lovesac by 8.1% in the 1st quarter. Empowered Funds LLC now owns 55,925 shares of the company's stock worth $1,017,000 after acquiring an additional 4,200 shares during the period. Institutional investors and hedge funds own 91.32% of the company's stock.

About Lovesac

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.